Thirty-five years ago this month, a U.K. central banker by the name of Peter Cooke was worrying about a surge in lending to developing countries.
London house prices rose at their fastest pace since just before the panic at Northern Rock Plc marked the start of the financial crisis in the U.K.
The pound reached the strongest level in 20 months versus the euro as speculation the Bank of England is moving closer to raising interest rates boosted the allure of U.K. assets.
Bank of England Governor Mark Carney is edging closer to putting restraints on the U.K. housing market, and economists say that’s the right thing to do.
Bank of England Governor Mark Carney may have caused financial markets to react excessively when he warned that interest rates could rise sooner than expected, a former BOE policy maker said.
Mario Draghi’s plans for credit easing may not turn out to be all that easy.
Federal Reserve Chair Janet Yellen says wage gains remain slow and that’s a sign there’s plenty of slack in the labor market. Some Wall Street economists disagree.
Kristin Forbes, a professor at the Massachusetts Institute of Technology and a former White House adviser, will join the Bank of England’s Monetary Policy Committee, the latest hire in a shakeup of the panel.
U.S. retail sales probably increased in April after posting the largest monthly gain since September 2012, data in the coming week may show.
U.S. retail sales probably increased in April after posting the largest monthly gain since September 2012, data this week may show.
"Once you get a housing bubble, you need to lean against it very hard and it takes a lot of tools."
- Adam Posen on Jun 16, 2014
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